Economy

Cabinet extends social assistance scheme till FY31 with ₹53,428 cr outlay

The Cabinet has approved continuation of the National Social Assistance Programme for five years, with changes to disability pension eligibility and assistance rates

Cabinet approves ₹2,009 crore bonus for 1.14 mn railway employees

The productivity-linked bonus, equivalent to 78 days' wages, will benefit around 1.14 million non-gazetted railway employees, with a maximum payout of ₹17,951 per eligible employee

UK trade delegation signs growth partnership with businesses in Maharashtra

The visiting delegation includes three Cabinet ministers, seven mayors and around 200 businesses and institutions, with over £1 billion in new deals expected

US oil, gas supplies to India fall 43% as West Asia imports rebound

Refiners say high freight costs, longer voyages and limited supplies of medium sour crude make US barrels less attractive than West Asian and Russian alternatives

Wholesale inflation hits series high of 11.39% in September on broad rise

India's wholesale inflation rose to a series high of 11.39 per cent in September as food, fuel and manufactured product prices hardened across the board

Putin signs law ratifying India-Russia temporary employment agreement

India and Russia signed the agreement during Putin's state visit to New Delhi in December 2025. An agreement on cooperation to combat irregular migration was also signed at that time

Wholesale inflation jumps to 11.39% in September as food, fuel costs rise

India's wholesale inflation accelerated from 9.92 per cent in August as fuel and power prices climbed, food inflation quickened and factory-gate prices rose across several industries

Depletion of coal stocks at power plants a concern, says CEA chairman

CEA Chairman Ghanshyam Prasad warns of depleting coal stocks at power plants amid rising demand, calling for more baseload capacity and a balanced mix of energy resources

The quality of our data influences the quality of our decisions: P K Mishra

Principal Secretary to the PM P K Mishra calls for credible statistics, granular data, technology adoption and stronger Centre-state coordination to improve policy decisions and outcomes

Tamil Nadu overtakes Telangana with highest retail inflation in September

Tamil Nadu's retail inflation rose to 6.81 per cent in September, while Telangana slipped to fourth place as all-India inflation climbed to 5.54 per cent amid rising food prices

India grows with the world, not at anyone's cost: PM Narendra Modi

Addressing the Bloomberg New Economy Forum, PM Narendra Modi stressed global cooperation, democratisation of technology and India's commitment to reforms amid uncertainty

IMF raises India's FY27 growth forecast to 7% on strong domestic demand

Cites resilient demand, but warns of risks from war and AI investments

New transport body needs execution powers to make integrated logistics work

The Integrated Transport and Logistics Authority will coordinate between ministries, but experts warn that limited execution powers and overlapping responsibilities could weaken effectiveness

CBDT nudges 12,000 tax professionals to file audit reports by October 21

Under its SAKSHAM NUDGE initiative, the Income Tax Department has contacted professionals who have filed fewer than half the audit reports they submitted in the previous year

Madhya Pradesh collects ₹44,711 crore in revenue in first half of FY27

Revenue rose 11.37 per cent year-on-year, with the Excise Department coming closest to meeting its target and Commercial Tax contributing the largest share of collections

Rupee should be allowed to find its own level, says Uday Kotak

Uday Kotak says the rupee should find its own level, urging India to boost competitiveness, innovation and manufacturing while keeping investment options open

Two-thirds of MSMEs use AI tools, but only 21% deploy biz software: Study

A CII-ISB study finds 65.8 per cent of surveyed MSMEs use AI tools, but just 21 per cent deploy ERP or customised software, highlighting gaps in technology adoption and productivity.

India's school-to-work push faces test of skills, jobs and apprenticeships

The government plans to link education and employment databases and expand career counselling in schools, but experts say apprenticeships, training, and job creation are key to improving outcomes

Indian Railways' freight loading rises 6.14% to 135.5 mt in September

Coal loading rose 9 per cent in September, while freight revenue increased 9.3 per cent year-on-year, as Indian Railways transported 135.5 million tonnes of goods during the month

GEC-III opens door to competitive bidding for state power transmission

The Rs 1.86 trillion GEC-III scheme aims to strengthen intra-state transmission networks and battery storage, while using competitive bidding to reduce costs and improve renewable energy evacuation